Allianz Asset Management GmbH Sells 65,663 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Allianz Asset Management GmbH decreased its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,282,014 shares of the pharmacy operator's stock after selling 65,663 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.50% of Walgreens Boots Alliance worth $47,830,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP purchased a new position in Walgreens Boots Alliance during the 4th quarter worth approximately $368,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Walgreens Boots Alliance by 6.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,428 shares of the pharmacy operator's stock valued at $978,000 after acquiring an additional 4,926 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Walgreens Boots Alliance by 28.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 13,924 shares of the pharmacy operator's stock valued at $156,000 after buying an additional 3,064 shares during the period. Teacher Retirement System of Texas bought a new position in Walgreens Boots Alliance during the 1st quarter worth about $1,199,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Walgreens Boots Alliance by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 42,332 shares of the pharmacy operator's stock valued at $472,000 after purchasing an additional 1,341 shares during the last quarter. Hedge funds and other institutional investors own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Up 0.2%

Shares of Walgreens Boots Alliance stock traded up $0.03 during trading on Friday, hitting $11.62. The company's stock had a trading volume of 2,820,926 shares, compared to its average volume of 16,500,990. The company has a fifty day simple moving average of $11.38 and a two-hundred day simple moving average of $11.08. Walgreens Boots Alliance, Inc. has a 52 week low of $8.08 and a 52 week high of $13.25. The company has a market capitalization of $10.05 billion, a PE ratio of -1.59, a P/E/G ratio of 1.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.60.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last issued its earnings results on Thursday, June 26th. The pharmacy operator reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $38.99 billion for the quarter, compared to the consensus estimate of $36.72 billion. Walgreens Boots Alliance had a negative net margin of 4.07% and a positive return on equity of 17.66%. The business's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Equities research analysts predict that Walgreens Boots Alliance, Inc. will post 1.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on WBA shares. Wall Street Zen started coverage on Walgreens Boots Alliance in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. UBS Group reissued a "neutral" rating on shares of Walgreens Boots Alliance in a research note on Thursday, June 26th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Walgreens Boots Alliance in a research report on Thursday, June 26th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.59.

Insider Buying and Selling

In other news, Chairman Stefano Pessina acquired 832,258 shares of the firm's stock in a transaction dated Sunday, April 27th. The shares were purchased at an average cost of $11.01 per share, for a total transaction of $9,163,160.58. Following the transaction, the chairman directly owned 145,621,079 shares of the company's stock, valued at approximately $1,603,288,079.79. This trade represents a 0.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.50% of the stock is currently owned by insiders.

Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.